Relevant:
- FHA low down payment buyers and cash investors dominate Southern California housing market – Not a healthy market when over 63 percent of sales come from these two groups. Move up sellers unable to shift because of negative equity.
- Wealthy Use Auctions to Sell U.S. Mansions as Homes Languish on the Market
- Southern California home sales, prices fell in December
- US existing home sales unexpectedly fall in July
- The broke versus all cash buyer: Over 56 percent of Southern California home purchase came from FHA insured buyers and all cash buyers. Last month record level of buying from all cash buyers.
2009-10-06 — latimes.com
" As spec mansions lie unsold across Southern California, stressed sellers may deflate the housing market's high end by lowering their prices."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.